Killeen, Texas (76542) is a city located in Bell County. It is centrally located between Austin and Waco and is home to one of the largest military populations in the country. The average 2 bedroom rent in Killeen is $1,050, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for Killeen is 93 versus 100 in the US, making it a great place to live for those looking to save money. Killeen has many local companies such as Bush’s Chicken, D&D Glass & Mirror Co., Alexander Automotive Group and more. These businesses provide employment opportunities for its large population of service members and their families.
Killeen (zip 76542) has an unemployment rate of 8.7%. The US average is 6.0%.
Killeen (zip 76542) has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Killeen (zip 76542)
- The Sales Tax Rate for Killeen (zip 76542) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Killeen (zip 76542) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Killeen (zip 76542)
- The average income of a Killeen (zip 76542) resident is $29,186 a year. The US average is $37,638 a year.
- The Median household income of a Killeen (zip 76542) resident is $65,433 a year. The US average is $69,021 a year.